Metropolitan Statistical Area (MSA):
Atchison, KS is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Atchison, KS metropolitan statistical area (MSA) has seen some real estate trends in the housing market over the past few years. Some of these trends have been good for those looking to buy or sell a home, while others have not been so favorable. However, one thing is certain – the Atchison MSA is a great place to live and invest in real estate.
One of the most positive trends in the Atchison MSA housing market has been the increasing values of homes. According to Zillow, the median home value in Atchison County has increased by nearly 5% over the past year alone, and is currently sitting at just over $100,000. This trend is expected to continue as more and more people are discovering all that Atchison County has to offer.
Another trend that has been beneficial for both buyers and sellers in the Atchison MSA housing market has been the decrease in inventory levels. This decrease means that there are fewer homes on the market for sale, which gives buyers more negotiating power when making an offer on a home. Additionally, it also means that sellers are able to command higher prices for their homes due to the increased demand from buyers.
Unfortunately, not all trends in the Atchison MSA housing market have been positive ones. One such trend has been an increase in foreclosures. While this may be bad news for those who are facing foreclosure, it can be a good opportunity for investors looking to purchase distressed properties at a discount.